Carl Bayley

Small Business Tax Saving Tactics 2020/21: Tax Planning for Sole Traders & Partnerships Carl Bayley

This tax guide is essential reading for all self-employed business owners (sole traders and partnerships).




It contains over 50 chapters of practical, tried and tested tax saving techniques that your business can implement year-in, year-out, illustrated with easy to follow examples.




Even those with substantial tax knowledge will uncover many useful nuggets that will help them pay less income tax, national insurance, VAT, capital gains tax and inheritance tax.




The 8th edition was published in September 2020.



Subjects covered include:



All tax changes announced in the March 2020 Budget and the July 2020 Summer StatementHow to claim a bigger tax deduction when you work from homeTax-free salaries for spouses and children (including minor children) How to claim a bigger tax deduction for travel expenses (flights, hotels, meals) How to make your entertainment costs tax deductibleTax saving strategies for e-commerce businessesCapital allowances - how they're calculated and how to maximise your claimSeven chapters on motoring tax issues (cars, vans, fuel, VAT, leasing etc) How to maximise the tax relief on your borrowingsFour chapters that will show you how to claim bigger property tax deductionsTax-free benefits that can be paid to your employeesYear-end tax saving strategiesThe pros and cons of changing your accounting dateHow to pay less VATCapital gains tax - How to qualify for Entrepreneurs Relief (10% tax) Inheritance tax - Everything you need to know about Business Property ReliefFully revamped chapters on the benefits and drawbacks of using the cash basis